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Elon Musk Expected To Be Twitter CEO
Elon Musk is expected to assume the role of Twitter CEO at least temporarily after his $44 billion acquisition of the social media platform is complete, sources said. As a result of the news, Tesla shares dropped nearly 7 percent based on Musk’s commitment to Twitter, which could become a distraction from his already busy schedule of running the electric automaker and aerospace company SpaceX.
Sources told CNBC on Thursday that Musk will serve as temporary Twitter CEO for "a few months" after the deal is complete. SEC filings stated Musk will officially complete the acquisition by October 24, six months after Twitter announced it had accepted the Tesla frontman’s offer of $54.20 per share.
Musk wanted to take over Twitter because he disagreed with the platform’s censorship strategy. Stating Twitter was 2022’s Town Hall, Musk said it needs to be "an inclusive arena for free speech," and plans to monetize government and corporate communications on the platform.
Source: Re-posted and Summarized from Joey Klender at teslarati.
My Take: I can't think of a better man for the job. I hope there is enough Elon to go around.
Re Posted From: Elon Musk Expected To Be Twitter CEO
Elon Musk is expected to assume the role of Twitter CEO at least temporarily after his $44 billion acquisition of the social media platform is complete, sources said. As a result of the news, Tesla shares dropped nearly 7 percent based on Musk’s commitment to Twitter, which could become a distraction from his already busy schedule of running the electric automaker and aerospace company SpaceX.
Sources told CNBC on Thursday that Musk will serve as temporary Twitter CEO for "a few months" after the deal is complete. SEC filings stated Musk will officially complete the acquisition by October 24, six months after Twitter announced it had accepted the Tesla frontman’s offer of $54.20 per share.
Musk wanted to take over Twitter because he disagreed with the platform’s censorship strategy. Stating Twitter was 2022’s Town Hall, Musk said it needs to be "an inclusive arena for free speech," and plans to monetize government and corporate communications on the platform.
Source: Re-posted and Summarized from Joey Klender at teslarati.
My Take: I can't think of a better man for the job. I hope there is enough Elon to go around.
Re Posted From: Elon Musk Expected To Be Twitter CEO